Featured Articles:

Health and Safety in the New COVID-19 Pandemic Era

Let’s face it – we have all suffered (and are continuing to suffer) through an extraordinary time.  I know this is just another profound grasp of the obvious but the world is slowly recovering but with lots of changes and the continuing threat of a “relapse” or recurrence of the pandemic.  Our economy has been devastated and economic growth will occur slowly. We face significant...

Episode 138: Employee Relations and Engagement in the New COVID-19 Pandemic Era

Companies face new challenges in employee relations and promoting employee engagement in the COVID-19 pandemic era.  Companies have to ensure employee a safe workplace with appropriate modifications to mitigate COVID-19 risks.  At the same time, companies have to reinforce the importance of reporting employee concerns, and respond to these concerns in a prompt and reliable manner. In this episode, Michael Volkov discusses the new employee...

OFAC Releases Guidance on Sanctions Compliance During the Pandemic

Elizabeth Slim, Senior Consultant at The Volkov Law Group joins us for an important posting on OFAC sanctions compliance as a result of the pandemic.  Elizabeth can be reached at eslim@volkovlaw.com. It was only a matter of time before regulators and law enforcement recognized the impact that the pandemic has had on our country and our economy – The Office of Foreign Assets Control (“OFAC”)...

ENI Pays SEC $24.5 for FCPA Violations

Despite the COVID-19 pandemic crisis, the SEC is continuing its FCPA enforcement activities.  The SEC lawyers and staff have brought two cases recently – an enforcement action against a former Goldman Sachs executive and the settlement with ENI which was announced on Friday. HERE. During the relevant period, between 2007 and 2010, ENI held a 43 percent minority-control interest in Saipem S.p.A. ENI’s American Depositary...

SEC Charges Ex-Goldman Investment Banker for FCPA Bribes in Ghana Power Project

Last week, the Securities and Exchange Commission (“SEC”) filed charges against Asante Berko, a former Goldman Sachs executive with bribery of foreign government officials in Ghana.  Goldman Sachs discovered and stopped the scheme and then reported it to the government.  Goldman Sachs was not charged with the conduct and cooperated with the investigation. The SEC’s complaint charged Berko with assisting a client, a Turkish energy...

The CARES Act and DOJ Prosecution of Fraud

When Congress enacts massive financial relief legislation, one inevitable result is fraud, waste and abuse.  Going back to the financial crisis in 2008, DOJ had a trove of criminal fraud and civil fraud cases under the False Claims Act. With the passage of the CARES Act, you can count on DOJ ramping up criminal and civil fraud prosecutions, especially under the False Claims Act.  The...

Why a Duck: Tom Fox and Michael Volkov Discuss COVID-19 and Compliance

Tom Fox and I recently got together for a five-part series on COVID-19 and compliance issues. Here are the episodes and links: Part 1: Business Ethics Matter Even More Now — HERE Part 2: Board of Directors and Crisis Management — HERE Part 3: Why Compliance Never Sleeps — HERE Part 4: The Role of the CCO — HERE Part 5: Leadership and Final Thoughts...

BVD Webinar –COVID-19 and compliance: is lockdown accelerating automation in onboarding and AML?

Webinar 10 am EST/3 pm BST April 29, 2020 Sign Up HERE As the world fights COVID-19 and compliance officers grapple with virtual working at this time of heightened risk, are they increasingly seeking digital and automated processes to succeed? This webinar considers why the current climate has heightened awareness of the advantages of digital and automated compliance practice. Join this webinar to: hear how implementing...

Are Compliance Officers “Essential”?

Jessica Sanderson, Of Counsel, The Volkov Law Group, rejoins us for a posting on the importance of compliance during the COVID-19 pandemic.  Jessica can be reached at jsanderson@volkovlaw.com. In these challenging times, when governments around the world are asking all “non-essential” workers to stay home, and companies are struggling with business interruptions and difficult decisions regarding pay-cuts, layoffs and furloughs, we’ve been thinking a lot...